A Hold Harmless Agreement (also known as a “Hold Harmless Clause” or “Indemnity Agreement”) is a legally binding contract between two or more parties. This agreement states that one party (the indemnityor”) will not hold the other party (theindemnityitee”) liable for any loss, damage, or legal action that may arise from the indemnity’s activities. This agreement is often used in situations where one party is engaging in risky activities and the other party wants to protect itself from any potential liability. There are generally two types of Hold Harmless Agreements. The first is a Mutual Hold Harmless Agreement, where both parties agree to protect each other from any liability. The second type is a Unilateral Hold Harmless Agreement, where only one party is protected from liability. No matter which type of Hold Harmless Agreement is used, all parties must have a full understanding of the agreement’s terms and conditions before signing. This agreement should be carefully drafted and reviewed by a lawyer, to ensure that all parties are adequately protected.
Hold Harmless Agreement Pdf
Description Hold Harmless Form
How to fill out Hold Harmless Agreement ?
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